Amazon Bank Account Threatens Incumbents

Amazon Bank Account Threatens Incumbents

This article is originally from, acquired by Window in December 2021.

Amazon is reportedly looking to cut out the credit card companies.

According to Bloomberg, Amazon is looking for a banking partner to allow purchases on its eCommerce platform without paying credit card companies their cut.

Amazon already dipped its toes in the payments space with two products: Prime Reload and a Chase rewards card.

With Prime Reload, consumers use a debit to fund an Amazon gift card in exchange for cashback rewards.

The Chase rewards card is a more traditional credit card.

As Amazon’s revenue continues to grow, reducing payment overhead is a way to increase profit or offer higher margins to merchants.

Fintech Drift Team

Fintech Drift Team

Acquired by Window in December 2021, Fintech Drift was a media property that helped professionals stay ahead of tech innovations shaping the global financial markets.

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